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India becomes net exporter of power for the first time - govt

Mar 30, 2017 17:44 PM GMT+0530 | 0 Comment(s)

NEW DELHI, March 29 (Reuters) - India has become a net exporter of electricity for the first time, the power ministry said on Wednesday, adding that upcoming cross-border transmission lines with neighbouring countries such as Nepal, Bangladesh and Myanmar will only increase sales.

Power exports of around 5,798 million units in April-February were 4 percent higher than what India bought from Bhutan, which has been a steady supplier of hydro-electricity to the country since the eighties.

New transmission lines with Bangladesh and Myanmar helped India sell more, the government said. (http://bit.ly/2o9arWD)

Known for its crippling power cuts, India has been investing heavily on generation infrastructure over the past few years. A massive surge in the local supply of raw materials like coal over the past two years has also helped power companies boost output.

Some experts, however, say local power demand has grown slower than expected.